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Suppose a banker observed the following direct spot quotations for dollars and euros. Bank X: $1.1029-.32 Bank Y: $1.1034-.35 Find the abritrage profit available (in

Suppose a banker observed the following direct spot quotations for dollars and euros.

Bank X: $1.1029-.32

Bank Y: $1.1034-.35

Find the abritrage profit available (in terms of dollars) to a banker with 2 million dollars at her disposal.

		543.87
		400
		362.58
		255.16

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